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It's happening in HongKong too...
The retailers prefer selling to them as they settle their purchases in cash.
I've been told ...
By: Bruno.M1 : March 24th, 2012-08:39
This morning I was told that Patek does not want to increase the production anymore. On the contrary ... After all it still is a family business without annoying shareholders who want more profit year after year (Richemont, LVMH, Swatch Group,...) , and m...
Well, its all relative....
By: eric_s : March 24th, 2012-09:20
PP has increases production substantially, especially of the complicated pieces, in recent years. You can see at the dealer-level this is the case. I applaud that they're not increasing further but I'd love for them to release their production figures for...
Right !
By: dirost : March 27th, 2012-09:15
I've already heard this explanation for the Patek boutique success in Paris, which is now integrated by the tour operators organizing the visit of Paris for chinese people. Last months, I had a strange experience place Vendôme at Patek. I wanted to try a ...
value declining
By: watch-er : March 28th, 2012-08:53
Except for the very high end rare pieces, the resale value on PP is very soft due to the high retail pricing and supply glut currently occurring. I think PP sees this as detrimental to the brand and is responding.